![]() |
|
|||||||
Residents of this Calif. community drowning debtThis is a discussion on Residents of this Calif. community drowning debt within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 1 Comment, last updated on Thursday Nov 13 by Bruce More... (Source: Topxi.com) ... |
|
Google Ads
Advertisement
|
|
| Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. |
![]() |
|
|
LinkBack | Thread Tools | Display Modes |
|
|||
|
|
| Tags |
| calif, community, debt, drowning, residents |
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Homeowners `drowning' in 6 states | Administrator | Mortgage Know-How | 0 | 11-01-2008 03:27 AM |
| Drowning in the bailout | Administrator | Mortgage Know-How | 0 | 10-05-2008 03:02 PM |
| Most homeowners aren't drowning in debt | Administrator | Mortgage Know-How | 0 | 07-20-2008 07:47 PM |
| Super Tuesday in a drowning nation | Administrator | Credit Problems and Repair | 0 | 02-04-2008 07:22 PM |
| Drowning in Debt? | Administrator | Credit Problems and Repair | 0 | 01-12-2008 06:24 AM |
| Bookmark this thread |
![]() |
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
| Display Modes | |
|
|